Precious Metal
Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.
Bullion for immediate delivery rose and fell 0.2 percent before trading at $1,309.32 an ounce by 11:56 a.m. in Singapore from $1,310.28 yesterday, according to Bloomberg generic pricing. Gold climbed to $1,315.68 yesterday, the highest level since April 15. Futures for June delivery were little changed at $1,309.20 an ounce on the Comex in New York.
Silver for immediate delivery lost 0.5 percent to $19.526 an ounce. Palladium fell 0.4 percent to $813.45 an ounce, while platinum was little changed at $1,449.19 an ounce.
Baosteel Group Corp.’s A$1.4 billion ($1.3 billion) joint offer for Aquila Resources Ltd. (AQA) came after a fall in the valuation of the assets to “reasonable levels”, a company executive said.
Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.
Bullion for immediate delivery rose and fell 0.2 percent before trading at $1,309.32 an ounce by 11:56 a.m. in Singapore from $1,310.28 yesterday, according to Bloomberg generic pricing. Gold climbed to $1,315.68 yesterday, the highest level since April 15. Futures for June delivery were little changed at $1,309.20 an ounce on the Comex in New York.
Silver for immediate delivery lost 0.5 percent to $19.526 an ounce. Palladium fell 0.4 percent to $813.45 an ounce, while platinum was little changed at $1,449.19 an ounce.
Baosteel Group Corp.’s A$1.4 billion ($1.3 billion) joint offer for Aquila Resources Ltd. (AQA) came after a fall in the valuation of the assets to “reasonable levels”, a company executive said.
